Best Trade Ideas for April
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
The Polish Zloty was one of the worst performing EM currencies yesterday
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is trading between the Tenkan sen and Kijun sen level. An upward wave would push the market above the Tenkan sen level to test the previous peak and even higher. Alternatively, if the bears manage to withstand the bulls’ pressure the currency pair would move lower.
European Market View
Ιn terms of data releases today, in the US, consumer confidence from University of Michigan for September is released. In the euro area, final CPI numbers for August are released as well.
Markets will also keep an eye on the development in the problems for China's second largest developer Evergrande and possible contagion to other markets.
In the equities space we ‘ve seen a lot of all-time highs the last days and the risk appetite in equity markets has faded somewhat. This is well in line with what is expected for the rest of the year where some of the strong tailwind’s equities have had the last 16 months are fading. In the US, equities were mostly lower, Dow -0.2%, S&P 500 -0.2% and NASDAQ +0.1%. Markets are mixed in Asia this morning where the Evergrande story continues to unfold. European futures are 0.5% higher while US futures are only a notch higher.
In the FX space now, the Polish Zloty was one of the worst performing EM currencies yesterday largely because of the general sour mood posed by USD strength.
Similar
CAD Might Weaken As Oil Market Plunges
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Bitcoin & Gold - Safe Haven Amid Bank Crisis
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Popular
What Will Happen with the Euro? An Economic Perspective.
eurusd-is-falling-what-to-expect-from-the-future-price-movement
Will Australia's "Rampant Inflation" Prevail in May?
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
How Will BoJ Meeting Affect the Yen
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus
Choose your payment system
